Monday, December 31, 2007

How low can gold go? $587/oz.

Duration: 05:16 minutes
Upload Time: 2007-02-21 21:26:13
User: bibleprophesy
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Tags:

jason  hommel  gold  silver  coin  dollars  money  inflation  deflation  invest  billion  trillion  

Description:

What is the inflation-adjusted price of gold from the low of $35/oz. back in 1971? $587/oz.

Comments

LuvernSmalls ::: Favorites  2007-12-24 00:05:25

see u at ur trailer home in 2012 when the world is going to end lmfao
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maddogg1234 ::: Favorites  2007-12-23 18:07:00

africa still suffer
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bassfishers ::: Favorites  2007-12-16 21:43:08

Palladium was $43 when i bought silver at a local mine in 98. It hit 1000 in 2001. I think i'd rather hold gold, silver, pld or plat instead of paper, but that is me. Stock market is fixed, those billionaire brokers make our money their money.
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bassfishers ::: Favorites  2007-12-16 21:40:23

Own 22# of gold. funny thing is, if it goes up or down, you feel secure. Try telling this to the enron guys. Bought silver ingots from a local mine at $4 an ounce in 1000 oz bars back in 98. Needed a pickup truck to haul away $50K worth. They also had 400# ingots of copper at .34 a lb., that was the better buy, who knew?
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panther9mm ::: Favorites  2007-12-12 16:13:00

they could melt down the silver coins?
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sw640 ::: Favorites  2007-11-24 04:17:31

I bought about a pound of gold when gold was between 350- 550 an ounce. I wish I would have bought ten pounds.
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Dumbell99 ::: Favorites  2007-11-10 10:47:23

Coin shop, or online. I would not go to a bank just in case the government tries to take gold again like they did in the 30's because banks would go after you perhaps.
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prokkets ::: Favorites  2007-10-14 19:01:14

Wow this is lib terrorist propoganda.We need 2 fight the iranins in iran so we dont have 2 fight thm hre.U libs need 2 b detaind untl ucan prove u r not a teorist.If any iraqi tries to take my FREEDOM Iwill blow up his cave cmd cntr.IranNchina have been stckpling WMDs2 use aginst us an our Israeli friends in th form of a mushroom cloud in th global wr n terror.Whn th final nuclear bttle comes to our home streets we need world govt. an hive mind and every1 get microchip so prs bush cn kep us safe
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sh200kr ::: Favorites  2007-10-07 00:47:22

isn't current trend much more dire for U.S. dollar and great for gold? the devaluation of U.S. dollar seems to continue and the current bull trend for precious metal is only the beginning. Also, similar think is happening as during late 70's and 80's because now Warrent Buffet own most of the silver in the world.
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Edlearn1234 ::: Favorites  2007-10-06 22:43:41

This story is 100 percent true. I lived through it. Yes, you are correct. We can not compare the rise in gold and silver of then to the price gains of today. The trend for the last 5 years has been striaght up, as our dollar looses it's value. Back then it was a bell curve. You can check a site called Kitco dot com you can pull up charts.
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sh200kr ::: Favorites  2007-10-06 21:34:57

I read articles about them... so sick... if this story is true, then late 70's and 80's may not be so similar as current inflationary trend... Then, is the expectation of future price of gold and silver too high? Please, reply~ thank you!
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Edlearn1234 ::: Favorites  2007-10-06 19:38:26

Great story, They were sons of a billionaire oil baron. There plan was to own all the silver in the world! With the help of some Arab's they were able to control half. This caused the price to sky rocket. Gold followed the ride, as the price of gold and silver always reflect each other. The USA plus other major Governments dumped all there silver on the market, dropping the price, and the Hunts went bankrupt. The government also charged them with all kinds of violations.
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sh200kr ::: Favorites  2007-10-06 16:47:36

who is Hunt brother? I gotta research~ thanks for the info!
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Edlearn1234 ::: Favorites  2007-10-06 13:45:04

True, many other commentators also use the $850 price of 1980 as a benchmark. The only reason for $850 gold in 1980 was the Hunt brother's attempt to control the silver market. I do believe that gold and silver will keep gaining. How high? That's anyone's guess. The simple fact that the Canadian dollar now has more value than the USD is proof enough.
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sh200kr ::: Favorites  2007-10-06 08:44:31

yes! the reason today is only better for gold~
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